Community Healthcare Trust Incorporated (NYSE:CHCT) Issues Quarterly Earnings Results

Community Healthcare Trust Incorporated (NYSE:CHCT) announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by $0.08, Bloomberg Earnings reports. The business had revenue of $8.93 million for the quarter, compared to analysts’ expectations of $8.92 million. Community Healthcare Trust had a return on equity of 1.81% and a net margin of 11.30%.

Community Healthcare Trust (NYSE CHCT) opened at 24.56 on Friday. The stock’s 50 day moving average is $25.19 and its 200-day moving average is $24.46. Community Healthcare Trust has a 12 month low of $19.61 and a 12 month high of $26.50. The stock has a market capitalization of $311.57 million, a price-to-earnings ratio of 89.64 and a beta of 1.04.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 28th will be given a dividend of $0.3925 per share. The ex-dividend date of this dividend is Thursday, August 24th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.39. This represents a $1.57 dividend on an annualized basis and a dividend yield of 6.39%. Community Healthcare Trust’s dividend payout ratio (DPR) is 577.80%.

A number of equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Evercore ISI raised their target price on shares of Community Healthcare Trust from $25.50 to $26.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 4th.

A number of large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its stake in shares of Community Healthcare Trust by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,678 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 32 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Community Healthcare Trust by 37.9% in the fourth quarter. Teachers Advisors LLC now owns 27,600 shares of the real estate investment trust’s stock valued at $636,000 after buying an additional 7,582 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Community Healthcare Trust during the first quarter valued at $172,000. Thomson Horstmann & Bryant Inc. raised its stake in shares of Community Healthcare Trust by 21.5% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 304,950 shares of the real estate investment trust’s stock valued at $7,288,000 after buying an additional 54,050 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management bought a new stake in shares of Community Healthcare Trust during the first quarter valued at $200,000. 59.02% of the stock is currently owned by hedge funds and other institutional investors.

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About Community Healthcare Trust

Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. It has investments in healthcare real estate, including mortgage and other loans.

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